JOHANNESBURG – The world of crypto in 2018 was characterised by massive price fluctuations, regulatory changes and social media monitoring. Cryptocurrency continued to show growth across the globe, showcasing the world’s desire to exercise more control over their finances.
Marius Reitz, Luno’s country manager, provides an overview of the important milestones during the year.
December 2017 saw a massive boom in cryptocurrency speculation, which brought even greater scrutiny by the public.
After the December bull run, Bitcoin lost 40% of its value over January, due partly from new regulations introduced in South Korea and Facebook’s announcement that it would ban the advertising of cryptocurrencies and crypto exchanges.